The Securities and Exchange Commission is considering a proposal from Nasdaq BX, Inc. to establish position and exercise limits for options on several Ethereum-based financial products, including the iShares Ethereum Trust and the Fidelity Ethereum Fund. These limits are set at 25,000 contracts each. The rule change aims to align BX's regulations with those of other exchanges, ensuring uniform trading conditions. This proposal is designated as "non-controversial," allowing it to bypass certain regulatory delays, and the public is invited to submit comments on the proposal.
Simple Explanation
Nasdaq wants to let people trade a special kind of bet on Ethereum things in the same way other places do, and they're making sure everyone plays by the same numbers rules, so it's fair and easy for everyone.